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USDA offers transition incentives to help retiring and beginning farmers

Fri, May 21st, 2010
Posted in Business Announcements

On May 17 Martin, the County executive director for USDA's Farm Service Agency in Fillmore County announced that sign up starts today for the Transition Incentives Program (TIP) - a new program under the Conservation Title of the 2008 Farm Bill - to encourage retired or retiring owners or operators to transition their land to beginning or socially disadvantaged farmers or ranchers.

"Ensuring that our nation's land is returned to production using sustainable methods is critical not only for our future food supply, but also for the economic future of our rural communities," said Martin. "Access to land is one of the greatest challenges faced by new farmers. The Transition Incentives Program is one more tool in the USDA toolkit to protect family farms and support beginning and socially disadvantaged farmers."

If all program requirements are met, TIP provides annual rental payments to the retiring farmer for up to two additional years after the date of the expiration of the CRP contract, provided the transition is not to a family member. To learn more about the program, producers interested in applying and participating in TIP should visit their local USDA Service Center or FSA county office or www.fsa.usda.gov.

To be eligible, TIP requires that the retired or retiring farmer or rancher:

• Have land enrolled in the Conservation Reserve Program (CRP) that is in the last year of the contract.

• Agree to allow the beginning or socially disadvantaged farmer or rancher make conservation and land improvements.

• Agree to sell, or have a contract to sell, or agree to long-term lease (a minimum of 5 years) the land under CRP contract to a beginning or socially disadvantaged farmer or rancher by Oct. 1 of the year the CRP contract expires.

Supporting local economies and providing opportunities for beginning or socially disadvantaged Americans with a desire to farm or ranch is one of the many ways the Obama Administration and USDA are working to rebuild and revitalize rural America

DCP Signup Ends June 1

Producers have until June 1, 2010, to enroll their farm(s) into the DCP or ACRE program. There are no late filed provisions, therefore, if the farm is not signed up by June 1, 2010, no payments will be earned.

USDA is an equal opportunity provider and lender.

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